Applicability of vat under punjab vat act

P K CHOHAN (Querist) 14 September 2013 This query is : Resolved
Facts:
1.A PSU having a Officers Club run by the executive committee consisting of officers nominated by the officers of the said PSU.

2.Functions on festivals are organised by the nominated committee of the club.

3. Dinner(Food) is provided on these occasions by the club on concessional rates by hiring a caterer on per plate basis.

4.Total cash out flow on this account do not exceed Rs.5.00 lacs in a FY.

Query:
Whether VAT is chargeable and is to be depositing with the statutory authorities?
Kindly elaborate the answer with specific provisions/sections/rules.

Regards

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